Shenwan Hongyuan (SHE:000166, HKG:6806) raised 2 billion yuan from issuing perpetual subordinated bonds with a 1.89% coupon rate.
The bonds carry a floating rate, with the coupon fixed for the first five interest-bearing years and reset every five years thereafter, according to a Thursday filing with the Shenzhen bourse.
Hong Kong shares of the securities brokerage declined 1% in recent trading.
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